It is astounding to think that while schools such as the University of Michigan continue to oppose paying athletes, they are willing to use the cost savings derived from not paying for their athletes on a bidding war for coaches.
Not really. But this part’s spot on.
If the University of Michigan were then to allocate this $5.17 million amount in coaching savings equally among all 113 players listed on the Michigan football roster (walk-ons and redshirts included), it would allow for a payment of $45,752 per player per year. Meanwhile, if this money was spent on recruiting college football players on the free market, some elite athletes would earn a far greater amount.
It is no wonder that most college football coaches fight so hard to preserve amateurism.
Nice racket, if you can get it, no?